Tag: Series 9/10

On May 22, 2015, FINRA issued guidance concerning communications with the public. Here are some notable points from the guidance… Continue reading

On May 22, 2015, FINRA issued guidance concerning communications with the public. Here are some notable points from the guidance.

Non-promotional communications (i.e. communications that do not promote or recommend a specific product or service) do not need to be filed with FINRA

Electronic forum posts are considered retail communication, but are specifically excluded from filing requirements

Template updates do not need to be filed with FINRA if all that changed was statistical information

Various non-material changes to previously filed communications do not require refiling the communication

A reprinted article does not need to be filed with FINRA

Promotional items that only have the name of a mutual fund are not considered “advertisements” under Rule 482

If a firm includes mutual fund performance in a retail communication or correspondence, they must also include the fund’s expense ratio

Firm must file retail communications regarding registered business development companies

A Series 26 registration does not permit a principal to approve retail communications concerning a business development company. The principal must have a Series 24, Series 9/10, or Series 39 registration instead.